Baker Hughes Q1 Revenue Exceeds Estimates as LNG Orders Rise
Baker Hughes (BKR) reported Q1 2026 revenue of $6.59 billion, surpassing estimates by $260 million, driven by strong demand in its Industrial & Energy Technology (IET) segment. The IET segment saw a 14% Y/Y revenue increase to $3.35 billion, fueled by LNG and data center electricity demand, despite a 7% decline in the Oilfield Services segment due to Middle East tensions.
Topics: Decarbonization Earnings IET Segment LNG Mergers & Acquisitions Oilfield Services Revenue